HEG scheme effective Sep 1; demerger ratio 1:1, name change to HEG Advanced Materials

Demerger ratio announcedCore business divestedStrategic Transactions View source PDF Explain this filing

HEG · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-0.1%Reaction day

₹721.65

prior close

₹726.35

announcement price

After-mkt

timing

Nifty Smallcap 250market-0.2%+0.0% vs market

Electrodes & Refractories peers, median of 9sector-1.3%+1.2% vs sector

On the reaction day the stock moved in line with Nifty Smallcap 250 and 1.2 pts more than its Electrodes & Refractories peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.5

10m

-1.1

15m

-1.5

30m

-1.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.1-0.2+0.0-1.3+1.2

Next day

-0.9+0.4-1.4-1.4+0.5

-1.3+0.3-1.6-0.2-1.1

+2.3+0.7+1.7+0.6+1.8

+1.2-0.0+1.2-0.8+1.9

+0.9-0.1+0.9-1.5+2.4

-1.8+0.4-2.2-0.7-1.1

15d

-70.0-2.8-67.2-4.0-66.0

-66.1-1.2-64.9+1.5-67.5

-71.6-9.8-61.8-10.8-60.9

—————

UpDownMarket · Nifty Smallcap 250Sector · Electrodes & Refractories peers, median of 9Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

NCLT sanctioned HEG composite scheme: graphite business demerges into HEG Graphite Ltd at 1:1 swap, and Bhilwara Energy merges into HEG at 8:7 ratio. Scheme effective Sept 1, 2026; record date Sept 7. HEG to be renamed HEG Advanced Materials Ltd; HEG Graphite takes the HEG Ltd name. Riju Jhunjhunwala elevated to CMD and CEO; Ravi Jhunjhunwala moves to the graphite entity.

Likely market impact

Each HEG share entitles to 1 share in new graphite entity. Record date Sept 7. Bhilwara Energy holders get 8 HEG shares per 7. New CMD Riju Jhunjhunwala takes over.